This paper presents dynamic portfolio model based on the Merton's optimal investment-consumption model, which combines dynamic synthetic put option using risk-free and risky assets. This paper is extended version of methodological paper published by Yuan Yao (2012). Because of the long history of the development of foreign financial market, with a variety of financial derivatives, the study on ...

Drum–Buffer–Rope is a theory of constraints production planning methodology that operates by developing a schedule for the system’s first bottleneck. The first bottleneck is the bottleneck with the highest utilization. In the theory of constraints, any job that is not processed at the first bottleneck is referred to as a free good. Free goods do not use capacity at the first bottleneck, so very...

The risk response development is one of the main phases in the project risk management that has major impacts on a large-scale project’s success. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. Conventional approaches tend to be less effective in dealing with the imprecise of the risk response deve...

This paper presents a robust controller design methodology for a class of linear uncertain multivariable systems with hard time-domain constraints on their outputs and control signals in response to step disturbance inputs. In this approach, the m×m MIMO system is replaced by m2 SISO systems and then, using the QFT technique, desirable controllers are synthesized. The final controller will be d...

Optimal design of large-scale structures is a rather difficult task and the computational efficiency of the currently available methods needs to be improved. In view of this, the paper presents a modified Charged System Search (CSS) algorithm. The new methodology is based on the combination of CSS and Particle Swarm Optimizer. In addition, in order to improve optimization search, the sequence o...

the use of value engineering (ve) methodology in construction industry has grown significantly, mainly in view of its extensive benefits. the main task in evaluation phase of ve workshop is to assess alternative ideas, proposed for each function. this phase of ve, hence, could be deemed as a multi criteria decision making (mcdm) problem. this paper presents a fuzzy decision support system (dss)...

This paper presents a cost-effective test methodology for adaptive equalizers which follow the digitally-assisted analog design style. By observing the states in the digital adaptation engine during or after the adaptation process in response to the test stimulus, the health of the adaptive equalizer can be determined. We propose two different types of signatures, namely static and dynamic sign...

Risk response planning is one of the main phases in the project risk management and has major impacts on the success of a large-scale project. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. The conventional approaches tend to be less effective in dealing with the impreciseness of risk response p...

Determination of the outcome of an IT project in a developing nation is often based on sectoral models and highly aggregated data. This paper offers an example of a replicable methodology to go to the grass roots—the user level—to obtain valuable insights from the individual and group data that are masked by the aggregate statistics.

This paper presents a robust controller design methodology for a class of linear uncertain multivariable systems with hard time-domain constraints on their outputs and control signals in response to step disturbance inputs. In this approach, the m×m MIMO system is replaced by m2 SISO systems and then, using the QFT technique, desirable controllers are synthesized. The final controller will be d...